How difficult is it to do fix and flips while working a full time job?

The 'extra'  equity and loan amount will hurt your cash flow for that property but what if that' extra' was $10k that you were able to use your buy a note that returns 13% annually.

If feels like slimy way to pull an extra 10% out of the owner. 

In the past week I've looked at 10 MLS properties.5 of those had illegal additions.I'm not talking about an extra little balcony either.

How difficult is it to find a good deal when you can't buy at auction with cash and you have lost the all cash leverage of making an offer on a preforclosure?  

I knew it would be a fairly simple answer, just wanted the extra input.

But depends on the house and market, since that is an extra expense... 

All these extra expenses start to add up, so make sure you run your numbers well.

Expenses (taxes, HOA, insurance) are $267/moI came up with a Cap of 8% (the bottom of where I am comfortable).If I had $80k in cash sitting around, I would jump on this deal, but as it stands we would have to either 1) buy in a self-directed IRA for a longterm investment or 2) cash out part of our IRA, take a tax hit now, but enjoy $600/mo extra income forever.

We keep them well maintained and tidy with the idea that good tenants want updated, clean spaces and are willing to pay a bit extra for them.Do I let him stay, at least another year until all the other units are turned, or does he need to move on?